Custom Paper: World Bank Fight Against Poverty
World Bank Fight Against Poverty
The World Bank has the potential to deliver the world without poverty. Analysts believe that the global body is indeed instrumental in the fight against poverty. The dream that began about four decades ago (of creating a global economy that is driven by Bank’s structural adjustment program) demonstrates the institutions’ potential. Similarly, the concept of globalization should not be blamed for the Bank’s failure to deliver on poverty eradication agenda.
However, the protest towards the banks under performance should not be overlooked. The wealthy nations should ensure that the Bank’s regulations are revised to meet the globally acceptable threshold. Despite the Bank’s initiative to recover its prestige, and global image the shortcoming arising from dominance by the wealthy countries and particularly the US cannot be overlooked.